Loans - Secured

Available to home owners only.  The loan is secured against the home owners property, usually as a second charge against the main residence..  Rates for this type of loan do vary, and like the applicants main mortgage, the rate is very much dependent on the applicants credit history and payment record.

The costs in setting up the loan also vary according to the lender, and a valuation of the property will be carried out.  The lender will also require sight of the applicants mortgage documents to ensure that there are no restrictions on any monies being advanced against the property.

The monies can be used for any purpose such as home improvements, car purchase, consolidation of existing credit arrangements and so on.  Rates do vary, dependent on personal circumstances, and range at present from an APR of 6.4% to 15%.  The average APR being 8%.

Secured loans can be arranged for amounts between £5,000 to £100,000.

Please complete our Decision In Principle form for a fast response to your enquiry.